Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 95 contracts
Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means a corporation, limited partnership, or limited liability company which, at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 6 contracts
Samples: Multifamily Loan and Security Agreement (Care Investment Trust Inc.), Multifamily Loan and Security Agreement (KBS Legacy Partners Apartment REIT, Inc.), Multifamily Loan and Security Agreement (KBS Legacy Partners Apartment REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation it has satisfied, and thereafter after the Effective Date it will satisfy continue to satisfy, each of the following conditions:
Appears in 4 contracts
Samples: Continuing Covenant Agreement, Multifamily Loan and Security Agreement, Continuing Covenant Agreement
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation it has, and thereafter after the date of this Loan Agreement it will satisfy each of the following conditions:
Appears in 3 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “"Single Purpose Entity,” " which means a corporation, limited partnership, or limited liability company which, at all times since its formation from the date of this Loan Agreement and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which (Xxxxxxxx Reserve) means at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation it has satisfied, and thereafter after the Effective Date, it will satisfy continue to satisfy, each of the following conditions:
Appears in 1 contract
Samples: Rider to Loan Agreement
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower Entity and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Continuing Covenant Agreement
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower Entity and any SPE Equity Owner will remain a “Single Purpose Entity,” which means a corporation, limited partnership, or limited liability company which, at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Independence Realty Trust, Inc)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “"Single Purpose Entity,” " which means at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower Entity and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation it has satisfied, and thereafter after the date of this Loan Agreement it will satisfy satisfy, each of the following conditions:
Appears in 1 contract
